UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 30, 2008
 
REDWOOD TRUST, INC.
( Exact name of registrant as specified in its charter)
 
Maryland 
 
001-13759 
 
68-0329422
(State or other
jurisdiction of
incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
 
One Belvedere Place
Suite 300
Mill Valley, California 94941
(Address of principal executive offices and Zip Code)
 
(415) 389-7373
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 5.02.
 
On May 30, 2008, Raymond S. Jackson, Managing Director and Controller of Redwood Trust Inc. (Redwood), informed Redwood that he intends to resign from Redwood effective July 1, 2008. Harold F. Zagunis, Managing Director and Vice President of Redwood, has assumed the responsibilities of Controller on an interim basis while Redwood conducts a search for a replacement for Mr. Jackson. During the month of June, Mr. Jackson will assist in the transition of his responsibilities as Controller to Mr. Zagunis.

Mr. Zagunis is highly qualified to assume the responsibilities of Controller. Mr. Zagunis has been employed by Redwood since 1995, and has in the past served as Chief Financial Officer, Controller, Treasurer, and Secretary of Redwood. Prior to joining Redwood, he served as Vice President of Finance for Landmark Land Company, Inc., a publicly traded company owning savings and loan and real estate development interests. He currently serves on the Board of Directors of Landmark Land Company. He holds B.A. degrees in Mathematics and Economics from Willamette University and an M.B.A. degree from Stanford University Graduate School of Business.
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
     
Date: June 2, 2008
REDWOOD TRUST, INC.
 
 		  
 		  
 
  By:  
/s/ MARTIN S. HUGHES
 
Martin S. Hughes 
 
Chief Financial Officer and Secretary